Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 13H and 86, 13270-13271 [2024-03629]
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lotter on DSK11XQN23PROD with RULES1
13270
Federal Register / Vol. 89, No. 36 / Thursday, February 22, 2024 / Rules and Regulations
general license has a property interest
(‘‘blocked vessels’’);
(2) The preservation of the health or
safety of the crew of any of the blocked
vessels; or
(3) Emergency repairs of any of the
blocked vessels or environmental
mitigation or protection activities
relating to any of the blocked vessels.
(b) The authorization in paragraph (a)
of this general license applies to the
following blocked persons listed on the
Office of Foreign Assets Control’s
Specially Designated Nationals and
Blocked Persons List and any entity in
which any of the following persons
own, directly or indirectly, individually
or in the aggregate, a 50 percent or
greater interest:
(1) Oil Tankers SCF MGMT FZCO;
and
(2) NS Leader Shipping Incorporated.
(c) This general license does not
authorize:
(1) The entry into any new
commercial contracts involving the
property or interests in property of any
blocked persons, including the blocked
entities described in paragraph (b) of
this general license, except as
authorized by paragraph (a);
(2) The offloading of any cargo
onboard any of the blocked vessels,
including the offloading of crude oil or
petroleum products of Russian
Federation origin, except for the
offloading of cargo that is ordinarily
incident and necessary to address vessel
emergencies authorized pursuant to
paragraph (a) of this general license;
(3) Any transactions related to the sale
of crude oil or petroleum products of
Russian Federation origin;
(4) Any transactions prohibited by
Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent
or Payable-Through Accounts and
Processing of Transactions Involving
Certain Foreign Financial Institutions;
(5) Any transactions prohibited by
Directive 4 under E.O. 14024,
Prohibitions Related to Transactions
Involving the Central Bank of the
Russian Federation, the National
Wealth Fund of the Russian Federation,
and the Ministry of Finance of the
Russian Federation; or
(6) Any transactions otherwise
prohibited by the RuHSR, including
transactions involving the property or
interests in property of any person
blocked pursuant to the RuHSR, other
than transactions involving the blocked
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Jkt 262001
persons in paragraph (b) of this general
license, unless separately authorized.
OFFICE OF FOREIGN ASSETS
CONTROL
Lisa M. Palluconi,
Deputy Director, Office of Foreign Assets
Control.
Dated: February 8, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Russian Harmful Foreign Activities
Sanctions Regulations
[FR Doc. 2024–03628 Filed 2–21–24; 8:45 am]
BILLING CODE 4810–AL–P
31 CFR Part 587
GENERAL LICENSE NO. 13H
Authorizing Certain Administrative
Transactions Prohibited by Directive 4
Under Executive Order 14024
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov/.
(a) Except as provided in paragraph
(b) of this general license, U.S. persons,
or entities owned or controlled, directly
or indirectly, by a U.S. person, are
authorized to pay taxes, fees, or import
duties, and purchase or receive permits,
licenses, registrations, certifications, or
tax refunds to the extent such
transactions are prohibited by Directive
4 under Executive Order 14024,
Prohibitions Related to Transactions
Involving the Central Bank of the
Russian Federation, the National
Wealth Fund of the Russian Federation,
and the Ministry of Finance of the
Russian Federation, provided such
transactions are ordinarily incident and
necessary to the day-to-day operations
in the Russian Federation of such U.S.
persons or entities, through 12:01 a.m.
eastern daylight time, April 17, 2024.
(b) This general license does not
authorize:
(1) Any debit to an account on the
books of a U.S. financial institution of
the Central Bank of the Russian
Federation, the National Wealth Fund of
the Russian Federation, or the Ministry
of Finance of the Russian Federation; or
(2) Any transactions otherwise
prohibited by the Russian Harmful
Foreign Activities Sanctions
Regulations, 31 CFR part 587 (RuHSR),
including transactions involving any
person blocked pursuant to the RuHSR,
unless separately authorized.
(c) Effective January 18, 2024, General
License No. 13G, dated November 2,
2023, is replaced and superseded in its
entirety by this General License No.
13H.
Background
Bradley T. Smith,
On January 18, 2024, OFAC issued
GLs 13H and 86 to authorize certain
transactions otherwise prohibited by the
Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587.
Each GL has an expiration date of April
17, 2024 and was made available on
OFAC’s website (https://
ofac.treasury.gov/) at the time of
publication. The text of these GLs is
provided below.
Director, Office of Foreign Assets
Control.
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful
Foreign Activities Sanctions
Regulations Web General Licenses
13H and 86
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of web general
licenses.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing two
general licenses (GLs) issued pursuant
to the Russian Harmful Foreign
Activities Sanctions Regulations: GLs
13H and 86, each of which was
previously made available on OFAC’s
website.
SUMMARY:
GLs 13H and 86 were issued on
January 18, 2024. See SUPPLEMENTARY
INFORMATION for additional relevant
dates.
DATES:
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Compliance, 202–
622–2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
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Dated: January 18, 2024.
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Federal Register / Vol. 89, No. 36 / Thursday, February 22, 2024 / Rules and Regulations
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
lotter on DSK11XQN23PROD with RULES1
GENERAL LICENSE NO. 86
Authorizing Limited Safety and
Environmental Transactions Involving
Certain Persons or Vessels Blocked on
January 18, 2024
(a) Except as provided in paragraph
(c) of this general license, all
transactions prohibited by Executive
Order (E.O.) 14024 that are ordinarily
incident and necessary to one of the
following activities involving the
blocked persons described in paragraph
(b) are authorized through 12:01 a.m.
eastern daylight time, April 17, 2024,
provided that any payment to a blocked
person must be made into a blocked
account in accordance with the Russian
Harmful Foreign Activities Sanctions
Regulations (RuHSR):
(1) The safe docking and anchoring in
port of any vessels in which any person
or entity listed in paragraph (b) of this
general license has a property interest
(‘‘blocked vessels’’);
(2) The preservation of the health or
safety of the crew of any of the blocked
vessels; or
(3) Emergency repairs of any of the
blocked vessels or environmental
mitigation or protection activities
relating to any of the blocked vessels.
(b) The authorization in paragraph (a)
of this general license applies to
Hennesea Holdings Limited (Hennesea)
and any entity in which Hennesea
owns, directly or indirectly, a 50
percent or greater interest.
(c) This general license does not
authorize:
(1) The entry into any new
commercial contracts involving the
property or interests in property of any
blocked persons, including the blocked
persons described in paragraph (b) of
this general license, except as
authorized by paragraph (a);
(2) The offloading of any cargo
onboard any of the blocked vessels,
including the offloading of crude oil or
petroleum products of Russian
Federation origin, except for the
offloading of cargo that is ordinarily
incident and necessary to address vessel
emergencies authorized pursuant to
paragraph (a) of this general license;
(3) Any transactions related to the sale
of crude oil or petroleum products of
Russian Federation origin;
(4) Any transactions prohibited by
Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent
or Payable-Through Accounts and
Processing of Transactions Involving
Certain Foreign Financial Institutions;
VerDate Sep<11>2014
17:35 Feb 21, 2024
Jkt 262001
(5) Any transactions prohibited by
Directive 4 under E.O. 14024,
Prohibitions Related to Transactions
Involving the Central Bank of the
Russian Federation, the National
Wealth Fund of the Russian Federation,
and the Ministry of Finance of the
Russian Federation; or
(6) Any transactions otherwise
prohibited by the RuHSR, including
transactions involving the property or
interests in property of any person
blocked pursuant to the RuHSR, other
than transactions involving the blocked
persons described in paragraph (b) of
this general license, unless separately
authorized.
Bradley T. Smith,
Director, Office of Foreign Assets
Control.
Dated: January 18, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024–03629 Filed 2–21–24; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions
Regulations Web General License 5N
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of web general
license.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing one
general license (GL) issued pursuant to
the Venezuela Sanctions Regulations:
GL 5N, which was previously made
available on OFAC’s website.
DATES: GL 5N was issued on January 16,
2024. See SUPPLEMENTARY INFORMATION
for additional relevant dates.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Compliance, 202–
622–2490.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov.
Background
On January 16, 2024, OFAC issued GL
5N to authorize certain transactions
otherwise prohibited by the Venezuela
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13271
Sanctions Regulations (VSR), 31 CFR
part 591. The GL was made available on
OFAC’s website (https://
ofac.treasury.gov) when it was issued.
GL 5N supersedes GL 5M, which was
issued on October 18, 2023. The text of
GL 5N is provided below.
OFFICE OF FOREIGN ASSETS
CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5N
Authorizing Certain Transactions
Related to the Petro´leos de Venezuela,
S.A. 2020 8.5 Percent Bond on or After
April 16, 2024
(a) Except as provided in paragraph
(b) of this general license, on or after
April 16, 2024, all transactions related
to, the provision of financing for, and
other dealings in the Petro´leos de
Venezuela, S.A. 2020 8.5 Percent Bond
that would be prohibited by subsection
l(a)(iii) of Executive Order (E.O.) 13835
of May 21, 2018, as amended by E.O.
13857 of January 25, 2019, and
incorporated into the Venezuela
Sanctions Regulations, 31 CFR part 591
(the VSR), are authorized.
(b) This general license does not
authorize any transactions or activities
otherwise prohibited by the VSR, or any
other part of 31 CFR chapter V.
(c) Effective January 16, 2024, General
License No. 5M, dated October 18, 2023,
is replaced and superseded in its
entirety by this General License No. 5N.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: January 16, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024–03626 Filed 2–21–24; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 594
Publication of Global Terrorism
Sanctions Regulations Web General
Licenses 22, 23, 24, 25, 26, and 27
Office of Foreign Assets
Control, Treasury.
AGENCY:
Publication of web general
licenses.
ACTION:
The Department of the
Treasury’s Office of Foreign Assets
SUMMARY:
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]]>Agencies
[Federal Register Volume 89, Number 36 (Thursday, February 22, 2024)]
[Rules and Regulations]
[Pages 13270-13271]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03629]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General Licenses 13H and 86
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing two general licenses (GLs) issued pursuant
to the Russian Harmful Foreign Activities Sanctions Regulations: GLs
13H and 86, each of which was previously made available on OFAC's
website.
DATES: GLs 13H and 86 were issued on January 18, 2024. See
SUPPLEMENTARY INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Compliance, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov/.
Background
On January 18, 2024, OFAC issued GLs 13H and 86 to authorize
certain transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587. Each GL has
an expiration date of April 17, 2024 and was made available on OFAC's
website (https://ofac.treasury.gov/) at the time of publication. The
text of these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 13H
Authorizing Certain Administrative Transactions Prohibited by Directive
4 Under Executive Order 14024
(a) Except as provided in paragraph (b) of this general license,
U.S. persons, or entities owned or controlled, directly or indirectly,
by a U.S. person, are authorized to pay taxes, fees, or import duties,
and purchase or receive permits, licenses, registrations,
certifications, or tax refunds to the extent such transactions are
prohibited by Directive 4 under Executive Order 14024, Prohibitions
Related to Transactions Involving the Central Bank of the Russian
Federation, the National Wealth Fund of the Russian Federation, and the
Ministry of Finance of the Russian Federation, provided such
transactions are ordinarily incident and necessary to the day-to-day
operations in the Russian Federation of such U.S. persons or entities,
through 12:01 a.m. eastern daylight time, April 17, 2024.
(b) This general license does not authorize:
(1) Any debit to an account on the books of a U.S. financial
institution of the Central Bank of the Russian Federation, the National
Wealth Fund of the Russian Federation, or the Ministry of Finance of
the Russian Federation; or
(2) Any transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR),
including transactions involving any person blocked pursuant to the
RuHSR, unless separately authorized.
(c) Effective January 18, 2024, General License No. 13G, dated
November 2, 2023, is replaced and superseded in its entirety by this
General License No. 13H.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: January 18, 2024.
[[Page 13271]]
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 86
Authorizing Limited Safety and Environmental Transactions Involving
Certain Persons or Vessels Blocked on January 18, 2024
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to one of the following activities
involving the blocked persons described in paragraph (b) are authorized
through 12:01 a.m. eastern daylight time, April 17, 2024, provided that
any payment to a blocked person must be made into a blocked account in
accordance with the Russian Harmful Foreign Activities Sanctions
Regulations (RuHSR):
(1) The safe docking and anchoring in port of any vessels in which
any person or entity listed in paragraph (b) of this general license
has a property interest (``blocked vessels'');
(2) The preservation of the health or safety of the crew of any of
the blocked vessels; or
(3) Emergency repairs of any of the blocked vessels or
environmental mitigation or protection activities relating to any of
the blocked vessels.
(b) The authorization in paragraph (a) of this general license
applies to Hennesea Holdings Limited (Hennesea) and any entity in which
Hennesea owns, directly or indirectly, a 50 percent or greater
interest.
(c) This general license does not authorize:
(1) The entry into any new commercial contracts involving the
property or interests in property of any blocked persons, including the
blocked persons described in paragraph (b) of this general license,
except as authorized by paragraph (a);
(2) The offloading of any cargo onboard any of the blocked vessels,
including the offloading of crude oil or petroleum products of Russian
Federation origin, except for the offloading of cargo that is
ordinarily incident and necessary to address vessel emergencies
authorized pursuant to paragraph (a) of this general license;
(3) Any transactions related to the sale of crude oil or petroleum
products of Russian Federation origin;
(4) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(5) Any transactions prohibited by Directive 4 under E.O. 14024,
Prohibitions Related to Transactions Involving the Central Bank of the
Russian Federation, the National Wealth Fund of the Russian Federation,
and the Ministry of Finance of the Russian Federation; or
(6) Any transactions otherwise prohibited by the RuHSR, including
transactions involving the property or interests in property of any
person blocked pursuant to the RuHSR, other than transactions involving
the blocked persons described in paragraph (b) of this general license,
unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: January 18, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-03629 Filed 2-21-24; 8:45 am]
BILLING CODE 4810-AL-P
